Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR / HOOD / SPCX

[00:00:00] Speaker 1: So, today we see a very nice reaction, a bullish reaction, actually, right above clear support levels. We see the SPY, QQQ, NVIDIA, AMD, Palantir, IREN, Micron, we see many stocks reacting above clear support levels. So, is this the moment to buy stocks, or is that just another dead cat bounce before another collapse? Well, let's see what's going on. Let's talk about practical strategies that we can apply together in the market. My name is Nathan. Welcome to the Finance Hydra channel. We are here every single day, analyzing our stocks together, trying to identify the best opportunities together. Welcome to another daily update. Today, we see the SPY making a bullish reaction above a clear support level. This is quite treacherous, actually, because last Friday, we closed below the 762, which was a support level here after making this gap, right? Support level here, support level here, support level here, then support level here again. Last Friday, we lost the support level, and we closed below this support level, technically triggering a heading-shoulders chart pattern. However, I told you guys, guys, you know, although we are making such bearish reaction, we see the QQQ not there yet. In fact, last Friday, and I did warn you guys about this reaction, last Friday, we saw QQQ making a bullish candle above our support level. We also had a gap support level over here, right? An open gap here, and then support level here, support level here, support level here again, and we saw QQQ quite stable above the support level, suggesting that tech stocks were not that bearish. So, although we saw the SPY losing our support levels, QQQ was still quite stable above its own support level. So, that was a divergence between SPY and QQQ, and this was a little annoying to me. That's why I was not that crazy bearish on the SPY, because although we lost a support level, we saw many stocks, many tech stocks, still quite resilient. And that's why we saw QQQ looking like this last Friday, and today, we see the confirmation of a bullish reaction above our support levels. We see the SPY making a bullish candle, making a false breakdown of this neckline, and a possible bear trap, actually. So, we are now reacting and seeking higher levels, seeking higher resistance levels. So, but what's the catch? Okay, because there is a catch, right? Well, the catch is, although we see the SPY, QQQ going up nicely, they are still in bearish territory. They are not necessarily bearish, but they are still below their 21-day EMAs, right? The exponential moving average on the daily chart. The SPY, for instance, is trying to make a lower high, lower low right now. So, hey, that's an alarming signal. Although we see a nice bullish reaction today, that's not enough yet. QQQ is also reacting very well. It is making a bottom signal. However, guys, if we see any bounce, we have our 21-day EMA as a resistance level, as a technical target for the QQQ. So, if we see any bounce to our moving average, and then if we see the materialization of any top signal near this inflection point, near our 21-day EMA, we know this could be just another dead cat bounce before another collapse. And then QQQQ is going to do another lower high, lower low. In this case, we're going to easily lose the 701, and our next technical support level is only at 661. So, we could easily correct too much lower levels from here if we see a real confirmation of a dead cat bounce. For now, as of today, in the next few days, I do see the SPY, QQQ, making a nice recovery. Okay, that's totally plausible. But if that's going to be, if such reaction would be strong enough to technically reverse this bearish bias, well, that's another story. Of course, we can take advantage of such movements for swing trading purposes. Yes, that's totally plausible, but we've got to be extremely careful, because although today's reaction is quite optimistic, it might be not enough to truly reverse this bearish bias. And, of course, guys, I say bearish bias, I'm talking about the daily time frame, because we are now below our 21-day EMA on the one-hour chart, right? Even so, saying that we are bearish could be a mistake, because, if you ask me, we are more like sideways over the past few months than anything else, okay? We are moving sideways, we are not making lower highs, lower lows, we are not making higher highs, higher lows as well. So, we are more like sideways. But in order for us to truly frustrate this sideways correction, it would be very nice to see SPY breaking its 21-day EMA, making a higher high, higher low, right? And then, maybe, we're going to have a chance to break the ultimate high level. But, for now, we do see a promising signal, but we deserve a better reaction. It is a start, I know, it's a good start, but we have to wait for more confirmation in the next few days, especially on the QQQ, which is also, this one is also inside a gigantic congestion, right? Over the past few months, since May, right? We are moving sideways, although we saw a collapse from the ultimate high. We are back to the same price level we were in the beginning of this month, in September, in July, in June, in May, right? So, we are still there, right? Moving sideways over the past few months. Now, we are near the support level of this congestion, which is great. So, the timing for a bullish reaction would be just perfect. Let's take a look at the weekly chart, for instance. Now, we see QQQ back to our 21-weekly EMA again. If we see the confirmation of a bottom signal by the end of this week, amazing. That's going to be very nice. It would only reinforce the possibility of another rally to the ultimate high. Now, if we're going to break the ultimate high, renew the ultimate high, and fly, explode from here, I don't know. But it is totally plausible to see SPY QQQ right now trying to seek higher resistance levels. That's totally plausible. And that's what we are working from here, okay? Now, we have any video. Oh, and by the way, you may say, but Nathan, what if you are wrong? What if we see the SPY QQQ melting tomorrow or in the next few days? Well, guys, the key point on QQQ is still the very same, okay? So, nothing changes over here. 701.59. Only by losing this key point, I see a much sharper correction on the daily chart back to the 661, okay? And then on the weekly chart, we could see the loss of our 21-weekly EMA as well, reinforcing the idea of a sharper pullback. So, only if we see this scenario materializing, we are going to work with a clear, bearish reaction. SPY is on the very same page, but in this case, we got to lose the 756 over here, okay? By losing this key point, again, we're going to lose our 21-weekly EMA as well, and then we may see sharper pullback ahead, all right? But for now, we are still maintaining the long-term bullish bias, and I have to say this, long-term, we are still very bullish, all right? Take a look at this chart. Since September, October 2022, we are in a bull market. So, any pullback to a moving average could bring a new opportunity, of course, but we have to see the loss of our medium-term support levels first, okay? Only then, we may see more opportunities ahead. For now, we are still trying to react. We see an attempt to make a bottom signal. Now, how our stocks will be affected? We see NVIDIA reacting very well, going up more than 2%, which is incredible, trying to make a bottom signal above the 208, which I told you guys last Friday on our previous video. Guys, we are approaching the 208, but if we see bullish reaction strong enough to make a real bottom signal, maybe we're going to have another rally on NVIDIA. We have the 216.75 as an inflection point as well, which, by the way, apparently, it is working as another resistance level for NVIDIA, okay? So, guys, for now, we see NVIDIA making a bottom signal, okay? Nathan, what if we fly from here? We could. We could. Earnings in 30 days. So, we have one month to perform another bullish lag before earnings. This is plenty of time to materialize the next rally. It is important for us to see two things right now. A clear close above the 216 and a pivot point being triggered on the one-hour chart. A higher high, higher low. We already made a rally, breaking this 21-hour EMA, which is great. Now, we see congestion. If we see another breakout of the previous high, amazing. That's a classic bullish reversal chart pattern reinforcing the idea that we are making a bottom signal on a daily basis. This could make NVIDIA recover, seek higher levels from here. On the weekly chart, we are trying to make a bottom on a weekly basis. And, again, this only reinforces the bullish thesis. If we see NVIDIA truly materializing another rally, maybe we're going to reach the ultimate high, maybe a lower level. We have an open gap over here, right here, 229.11. Gaps work as magnets for the price when trends reverse. So, that could be the excuse for NVIDIA to truly reverse from here. Now, that could be an opportunity. I see a very... This reaction is very nice, and I see a very promising situation overall. But, of course, the market needs to collaborate. We've got to see the SPY, QQQ, making their own bottom signals as well... Excuse me, guys. ...as well to reinforce a bullish case over here, right? And then we have Tesla. This one is flying, exploding, right? 5% today. In this case, we are breaking this nemesis, right? This ceiling over here, near the 390, 386. By breaking this area, this major resistance level over here, yes, we may see Tesla flying and seeking the next technical target. The next top level, 432. However, you may say, but Nathan, we are just breaking, right? What if we see Tesla making a top signal? It could happen, right? Of course, it could. If we see any top signal in this context, maybe Tesla will get back inside its congestion. Because Tesla is also inside a congestion, right? Since August this year, we are moving sideways between this top level and this support level. So, hey, any top signal over here could make Tesla retest its lower support level again, near the 354. As far as I know, this is not necessarily an amazing shorting opportunity, but maybe we can apply many other strategies. For instance, if you are a long-term investor in Tesla, I did work with many Tesla investors in the past. And then, oh, Nathan, I'm a long-term investor, right? But I want to make income, right? I want to generate passive income in Tesla, right? Well, let's short, let's write some calls near our top levels, near previous top levels. Because if we see the confirmation of a top signal over here, odds are that Tesla will make another downfall. And then, you're going to use the premium of your calls to buy more shares towards the support level over here. That's great. I love to do that kind of strategy. Make money near top levels. And then, you buy near support levels. Make money, buy, make money, buy. That's the idea. Okay? And by the way, guys, you guys know that I do work with clients. And in December, in the beginning of December, roughly in one month, I will open another mentorship program. If you want to learn with me, if you want to trade in practice with me, if you want my help to manage your portfolio, well, that's the best time ever. Okay, because I have new spots available. So, in December, in the beginning of December, a new mentorship program will open. And if you want to become my client for real, that's your entry. Okay? That's your door to enter our program for real. Okay? Because I do work with fixed clients as well. So, if you need my help, maybe that's an opportunity for you. I like to work with individuals. Okay? I like to manage portfolios. So, maybe we can work together. All right? So, well, I'm going to keep you guys updated on this channel. Okay? Soon, very soon, I will describe in detail how our program will work. All right? So, well, as I told you guys, yes, I do like to work with strategies like this. Okay? To make income, passive income, etc. To manage portfolios. But it is one of the many ideas we can apply in this context. Okay? Because as far as I know, guys, even if you say to me, Nathan, if I see a top signal, I want a short. That's totally plausible as well. Because technically, we may retest lower support levels. But what if Tesla fails to make a top signal? Then patience. Okay? We have to wait for another retest of our next top level. For 32. And then we'll see if Tesla will be a sell to write calls. I don't know. All right? But for now, we are trying to break a top level. We'll see in the next few days. For now, if you ask me, for now, I have a neutral bias on Tesla. A personal neutral bias on Tesla. I do not see anything great going on. But it is not a sell. Okay? It is still a very good stock. Which is now breaking a technical inflection point. We'll see in the next few days how to proceed. Now, we have Lady Amy. This one is flying right now today as well. Roughly 3%. Okay? Almost 3%. 2.80%. We are trying to make a bottom over here. Above our support level. Very close to the 500s. Okay? Which I told you guys in Friday's video. Guys, 500s is a psychological inflection point. Okay? It is not a technical inflection point. But it is a psychological key point. All right? So, right now, we see Amy D, Lady Amy, reacting above this psychological inflection point. Okay? So, what's next? Well, technically, we could bounce. Any bounce to our 21-day MA to the 561 would be totally normal, acceptable, and plausible. And then we'll see. Because there is a difference between a bounce, a dedicated bounce, and a true recovery. All right? In order for us to see Lady Amy truly making a nice bullish reversal, we have to see higher highs, higher lows. Now, let's take a look at the weekly chart. We are right at the 21-weekly MA. Okay? So, maybe the timing for another opportunity is just perfect. All right? So, I'm not going to judge anyone if you say to me, Nathan, I want to buy Lady Amy over here. Well, technically, you are buying near a long-term support level. This makes perfect sense. All right? Total perfect sense. Okay? Now, Amy D is the kind of stock that I like to trade for swing trading purposes. Okay? Guys, our previous call on Lady Amy was down here. We bought here in September 14. More than two months ago. More than one month ago, we bought over here, and then we sold up here. It simply exploded. And then, of course, I always see people saying, Nathan, you're going to regret if you sell AMD over here, right? Guys, we only follow our strategy. Okay? If it is a buy, it is a buy. If it is a sell, it is a sell. If you are a long-term investor, you're going to hold a little bit more. But for swing trading purposes, it was a sell up here. Now, we are going to try to buy over here again. Even considering we are only eight days away from earnings report, maybe it is still plausible. I prefer NVIDIA over AMD. Okay? NVIDIA is another stock that we liked. We love to trade. Okay? We bought over here. We sold over here. We bought over here. Okay? We sold up here. We bought over here. We sold over here. We always buy. And, guys, there is a pattern. Okay? We always buy near support levels. Okay? Buy near the moving average. Buy near a clear inflection point. And try to sell above the price you pay. Okay? So, that's the idea for every single swing trading opportunity. And, guys, if you do want to trade with me, join our Telegram channel. There, you will have access to our signals in real time. To our alerts in real time. I teach you, guys, every single aspect of our trading philosophy totally skin in the game. Okay? I explain where to buy, why we are buying, where to place the stop loss, where to place the target. Every single one of our signals have clear risk management. Okay? So, if you want to learn how to trade in practice using technical evidence, risk management, and, of course, emotional control, join us over there. Okay? We are there for you. Every single day, I share many ideas. So, you are invited to join our Telegram channel. The link is in this video's description. Totally free to try. It is the only service that I charge for, okay? Our YouTube channel, totally for free. Okay? Analysis on Instagram, totally for free. I answer your questions for free. I even offer a master class on TA in this channel, totally for free. Okay? Education is free. But, if you want to leave the market with us, truly leave the market with us, then join our Telegram channel. Okay? Five days, free trial, no strings attached, just for you to see for yourself how it works. If you like it, great. If you don't, cancel whenever you want. I promise you have my word. No strings attached. Okay? So, take a look over there. All right? I'm certain you are going to like our work. And, by the way, if you do like our work, remember, join the Finance Hydra channel. Click on the like button to support me as well. Subscribe for daily updates. We are here to help retail traders, right? I am a retail trader. This channel is from retail trader to retail traders, right? So, subscribe to this channel if you want to keep updated on our analysis. All right? Now, AMD looks great. Honestly, I would prefer to see this reaction closer to a technical support level. But, hey, above the 500s, we can't complain. Okay? In theory, we could react from here. On the weekly chart, we are looking neat. All right? This is great. Okay? But, let's observe how it is going to behave over the next few days. Okay? We are still below our 21 day MA. But, it is promising. I have to confess. It is still very promising. And, then we have Palantir. Also, another phenomenal stock reacting above our support level. Which is great. Earnings in seven days. Okay? So, maybe it is not the best stock for swing trading right now. But, technically, guys. It is totally bullish. If you ask me, Palantir is 100% bullish. It is bullish on the daily chart. It is bullish on the weekly chart. We are facing this all-time high level as a main nemesis. Okay? Which is very annoying. But, guys. If Palantir has a chance to react and recover. The timing for this reaction is just perfect. Now that we are above this daily EMA. And, we are trying to make higher highs, higher lows. It is just perfect. What's the catch? If we see the loss of the 184 area. We are going to make a lower high, lower low. In this case, we may retest the next support level at 174. Maybe even lower. 165. Okay? We are not there yet. We are not making a true reversal yet. But, it is extremely important for us to understand that the 184 is a game changer for Palantir. It is the main difference between maintaining the bullish bias from reversing the bullish bias. So, be aware of the 184 area. Okay? Because, it is critical for us. Now, we have IREN. Which is reacting. Look. Reacting above. After closing this gap. Finally. Right? This gap is open since August 2025. Okay? So, we are finally closing this gap. And, what a coincidence. We are quite stable. We are trying to react above this gap support level. What a damn coincidence. Right? And, some people, they don't believe in technical analysis. That this is... Guys. Always blame the trader. Never blame the tool. If you don't know how to use TA correctly, it is your fault. Okay? Because, there are people who know. Okay? There are people who know how to use the inflection points correctly. So, the timing for this is also perfect. What's the only problem? Earnings in 10 days. If we see IREN collapsing after earnings, maybe we are going to bounce. And, then collapse after earnings. Okay? As long as we stay above the $24 support level. Okay? There is still a chance to recover, to fly, and seek higher levels. But, if we lose the support level, then it's over. Possibly, we are going to seek much lower support levels. Like the $14. Okay? Which was a top level here. Top level here. Support level here. Right? This key point over here would be our next technical support level. If we see the loss of the $24 area. Okay? As long as we stay above it, maybe IREN will trigger another bottom signal from here. Today's candle has a name. Right? It is a bullish angle thing. Candle pattern. Alright? And, I do... By the way, again, I do teach you guys how to trade the best patterns, chart patterns, candle patterns, on our masterclass on TA. Search for it. The Finance Hydra Masterclass. Okay? It is totally free. Totally free. Okay? Our work is mostly for free on our YouTube channel and Instagram. Okay? So, just take a look over there. I teach you guys how to trade this correctly. Okay? Where to enter. Where to place this top loss. Where is going to be the target, etc. Just take a look over there. Okay? I'm sure you're going to like our content. And, guys, remember. Our masterclass on technical analysis is based on my trading philosophy. Swing trading philosophy. Okay? So, remember. We use this knowledge. And, we apply this knowledge in practice. Here on our videos every single day. And, we really apply it on our Telegram channel. Alright? There you can trade with... You can literally trade with us. Okay? So, our work over here... The way we work over here is to actually help you guys to trade more professionally. Okay? Step by step. So, just know what we do. Alright? So, if... And then, back to our analysis. Alright? Back to IREN. We are making a phenomenal bullish angle thing. This candle reverses the trend roughly 65% or 6% of the time. I don't recall the number correctly. I have to take a look over there. But, it is a very nice and reliable bottom signal if we see it triggered tomorrow. On the one hour chart, we see the possibility of a bullish pivot point. So, hey. If we do break today's high tomorrow, that's going to be a very nice signal. If we don't, okay. Maybe we're going to keep losing support levels. Okay? But, if you ask me, it is a promising stock. And, we have Micron. This one is making a bottom signal above a support level. Again, after closing our gap, right? That's what a damn coincidence. Okay? Now, we are trying to react. Trying to make a double bottom, actually. That's amazing. By making such reaction, we could easily seek higher levels. Maybe to close our next gap up here at 1124. If we see that going on, it would be a miraculous recovery. But, we are still below the 21-day MA. On the weekly chart, we are, again, right at the weekly moving average. So, Micron, if you ask me, is another extremely promising stock. It looks amazing. Okay? Simply amazing. It is trying to react. But, what's the catch? If we see the loss of the 879 again, maybe that's going to be an indicator that, yes, guys. 780s will be our next stop loss. Stop loss. I'm so sorry. Not stop loss. Our next support level. Okay? Either way, remember, I'll be here every single day to keep you guys updated. And, I did mention my Instagram, but I did not here. I'm so sorry, guys. Right here. Okay? Right here. At the Finance Hydra. This is my Instagram. All right? At the Finance Hydra. Take a look over there. Daily updates. Daily analysis. I even open a question box sometimes to allow you guys to answer me anything. Okay? To answer me. To ask me anything. All right? Feel free to follow me over there as well. The month of October is almost over. Next month in November. Right? In the beginning of November, we're going to do another public live stream here in the Finance Hydra channel. And, you guys are all invited to join us over there. Okay? We're going to watch the market closing together in real time. Okay? So, take a look. Subscribe to this channel. All right? Join our Telegram channel if you want to trade with us. I thank you guys so much for your audience, my dear friends. See you tomorrow as usual. Stay safe. Bye-bye.